New York Times (NYSE:NYT) Getting Somewhat Favorable News Coverage, Study Finds

Press coverage about New York Times (NYSE:NYT) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New York Times earned a coverage optimism score of 0.00 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 42.330499160202 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of New York Times (NYSE NYT) traded down $0.40 during trading on Wednesday, hitting $19.85. The stock had a trading volume of 1,608,300 shares, compared to its average volume of 1,742,990. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market cap of $3,200.00, a price-to-earnings ratio of 32.54 and a beta of 1.65. New York Times has a 12-month low of $13.00 and a 12-month high of $20.35.

New York Times (NYSE:NYT) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. New York Times had a return on equity of 13.46% and a net margin of 6.02%. The business had revenue of $385.60 million for the quarter, compared to analyst estimates of $390.13 million. During the same period last year, the company earned $0.06 EPS. New York Times’s revenue for the quarter was up 6.1% compared to the same quarter last year. analysts expect that New York Times will post 0.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, January 10th will be given a dividend of $0.04 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.16 annualized dividend and a yield of 0.81%. New York Times’s payout ratio is 26.23%.

Several equities analysts have recently commented on NYT shares. Zacks Investment Research upgraded New York Times from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Friday, November 3rd. ValuEngine lowered New York Times from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Jefferies Group reiterated a “hold” rating and set a $18.00 price objective on shares of New York Times in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. New York Times currently has an average rating of “Hold” and an average target price of $15.45.

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New York Times Company Profile

The New York Times Company is a media company focused on creating, collecting and distributing news and information. The Company’s principal business consists of distributing content generated by its newsroom through its print, Web and mobile platforms. In addition, it distributes selected content on third-party platforms.

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